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#LTC EN FUTURES: EPISODE 2 โ THE MARKET PULLS BACK, BUT THE BATTLE CONTINUES
A true soldier doesnโt brag about victories too soon. ๐ช๐
In episode 1, I told you why I opened my LONG on LTCUSDT: I believe Litecoin could be shifting into an uptrend. Today the market pulled back again, and I made a decision: I added to my position to improve my average entry price.
๐ Hereโs how the battle is going:
๐น Trade:
$LTC Perpetual LONG
๐น Leverage: 5x
๐น Margin: isolated
๐น Average entry price: 60.45 USDT
๐น Mark price when the screenshot was taken: 55.10 USDT
๐น Unrealized loss: -314.72 USDT
๐น ROI: -48.15%
๐น Displayed liquidation price: 48.69 USDT
๐ก๏ธ My strategy is still DCA: Iโve planned a maximum of 1,200 USDT in margin, split across 30 entries of 40 USDT each. Each entry is equivalent to approximately 200 USDT of exposure with 5x leverage.
But thereโs something important: averaging down doesnโt guarantee a win. If the uptrend Iโm expecting doesnโt materialize, Iโll have to accept that my analysis may be wrong. I donโt want discipline to turn into stubbornness.
โ๏ธ Now I want to hear from the community:
๐ฅ LONG TEAM: Do you think LTC can recover to 60 USDT?
๐ป BEARISH TEAM: Do you think it could still fall to 50 USDT or lower?
๐ง DCA EXPERTS: Would you have added to your position during this pullback, or waited for a rebound confirmation?
๐ Share your scenario in the comments and tell me which level youโd be watching. Iโll be back with episode 3 to show how this battle unfolds, without hiding the results.
I donโt know whether Iโll end up winning or losing, but Iโm going to document the whole journey. ๐๐
#Litecoin
#LTCUSDT #Trading
#DCA #BinanceSquare